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Specialty vehicle maker Rev Group files for IPO

Oct 25, 2016 - The Deal Pipeline

Rev Group Inc. filed to raise up to $100 million in an initial public offering, as the private equity-backed specialty vehicle manufacturer seeks to pay down debt and fund growth. Milwaukee-based REV Group is a maker of ambulances, shuttles, RVs and other specialty vehicles, generating 2015 net income of $22.9 million on sales of $1.74 billion.

The company, which was formerly known as Allied Specialty Vehicles Inc., is currently owned by American Industrial Partners LP. Goldman, S...